Palace Capital’s (PCA) Buy Rating Reaffirmed at Shore Capital

Shore Capital reissued their buy rating on shares of Palace Capital (LON:PCA) in a research note published on Tuesday, Analyst Price Targets reports.

Shares of PCA stock opened at GBX 251 ($3.41) on Tuesday. Palace Capital has a twelve month low of GBX 189 ($2.57) and a twelve month high of GBX 290 ($3.94). The stock has a market capitalization of £116.19 million and a price-to-earnings ratio of 12.01. The stock has a fifty day simple moving average of GBX 260.98 and a two-hundred day simple moving average of GBX 256.11. The company has a current ratio of 1.30, a quick ratio of 0.51 and a debt-to-equity ratio of 66.51.

The company also recently announced a dividend, which was paid on Friday, December 31st. Shareholders of record on Thursday, December 9th were issued a GBX 3.25 ($0.04) dividend. This represents a dividend yield of 1.32%. This is a boost from Palace Capital’s previous dividend of $3.00. The ex-dividend date of this dividend was Thursday, December 9th. Palace Capital’s dividend payout ratio is currently 0.53%.

Palace Capital Company Profile

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.

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